alt=”Decred (DCR/BTC) Daily chart. Data source:Poloniex” border=”0″>
Decred (DCR/BTC) Daily chart. Data source:Poloniex
Important Decred (DCR) price levels to watch,
Year High – 0.00339911 February 04 2017
Year Low – 0.00044225 January 03 2017
Decred (DCR/BTC) pulled back from the peak of 0.00339911 en route forming “upper-half” tower frame. From closer view on daily chart, we can see the similar pattern where the sagging DCR trend tend to bounce. There were explicit forms of solid resistance levels created every times the price made its reversal moves. So, there is high possibility that the price would follow the identical turnaround trend. But remember there are no 100% certainty in trading. So please practice appropriate money management.
Trading Idea : Long near 0.0018000
Valid only with a pullback confimation after bullish engulfing candlestick pattern
But remember set take profit and cut lose ratio to 3:1 or multiple take profit levels
The Decred asset is supported with few established BTC exchanges like Bittrex, Bleutrade, C-cex, Poloniex and YoBit. We expect more exchange will list DCR this year with its expanding support and higher prices. Decred is one of the few altcoins that attracted favorable outlook by industry experts out of the so-called shitscoins. It is tipped to become the performer of 2017. It recently broke from the long term downtrend after a sharp pump.
warning：It’s rather risky to trade crypto-currencies. Please invest by what you are able to afford.
Trade Decred (DCR/BTC) at these BTC Exchanges
More BTC Exchanges
✘ BitMex Futures
✘ Hit BTC
✘ Whale Club
✘ Simple FX
In case you missed it from my previous posts,
Here are some of the essential links regarding DCR,
Decred #DCR Links
⇢ Official Decred Website
⇢ Decred Wallets
⇢ Decred Nodes
⇢ Twitter @decredproject
⇢ Reddit r/decred
⇢ freenode IRC
Please let us know what your thoughts on this latest cryptocurrency sensation and update us if you have any insights in the comment section below.
Chart via tradingview, data source from Poloniex
The author is a self-described cryptocurrency activist. Ironically, he is not involved directly on the development and mining. But a keen trader that specifically studying and analyzing the chart and prices based on zen principles of candlesticks price action techniques. And most importantly, he is always prone to deceiving price movements that can exposes to trading losses. So trading based on his personal opinions is extremely risky and not advisable.